A stronger USD CPI and Retail Sales Data?
This evening, we have US CPI and Retail Sales numbers. A strong result could give the USDJPY the base to propel off.
However, with a strong data, I would be looking towards EURUSD, to move lower from a breach of the 1.2350 level.
Mixed or weak data from the US and we could see USDJPY plunge towards 106.
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